News & Events

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MAY 23, 2023

Tuesday, May 23, 2023 | 08:30am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.25 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.25 percent as published by the Federal Reserve on May 22, 2023.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 11, 2023

Tuesday, April 11, 2023 | 08:41am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 12.00 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 8.00 percent as published by the Federal Reserve on April 10, 2023.

Read full story